posted by Thom Holwerda on Wed 17th Jan 2007 00:19 UTC
IconThe U.S. Attorney's Office for the Northern District of California is investigating the stock options backdating activities of computer and consumer electronics manufacturer Apple. The federal action comes in the wake of the disclosure by Apple last month that it completed an internal investigation of options backdating and concluded that, although Apple chief executive officer Steve Jobs recommended some backdating of stock options for himself and other Apple employees, he wasn't aware of the accounting implications of those recommendations. Luke Macaulay, a spokesman for the U.S. Attorney's Office in San Francisco, confirmed the existence of the investigation, but did not provide additional details.
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